REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 679,000
Est. payment | /mo
2,400 SqFt
$ 679,000
Est. payment | /mo
2,400 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $282
Subdivision Lennox And Addington - South
MLS Listing ID X11904292
Annual Tax Amount $11,289
Tax Year 2024
Property Sub-Type Industrial
Property Description
Great affordable investment of two 1,200 sf condo units in the Loyalist Industrial Park. Opportunity is available for ownership of these condos with the current owner, National Small Engines, to sign back a fully NET lease for a two year term. The rent is to be $12 fully net or $2,400/month + HST + Tenant paying all realty taxes, insurance, condo fees and utilities. When lease expires, imagine the flexibility to occupy or again lease to others. Alternatively, allow for a 6 month period before closing. The property has easy access, legal side and rear compound, ample paved parking, and being only about 5 years old, very little maintenance. Both units have a handicap 2 piece bathroom and unit #2 has a 395 sf mezzanine for an office and storage. Ceiling height is 14'3" to drywalled ceiling and mezzanine at 7'3" ceiling height. Both units have a powered overhead drive-ion 12' x 12' door, front and rear 36" man doors and an adjoining man door.
Location
Province ON
County Lennox & Addington
Community Lennox And Addington - South
Area Lennox & Addington
Zoning M1-15
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 168.0
Building
New Construction false
Others
Security Features No
Listed by ROGERS & TRAINOR COMMERCIAL REALTY INC., BROKERAGE
We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.